MediaAlpha, Inc.

MAX

Exchange: NYSE
Industry: Services-Business Services, NEC
SEC CIK: 0001818383

SEC filings (opens in a new tab)

In the last 90 days, MediaAlpha, Inc. insiders filed 0 open-market purchases and 24 sales; 153 institutions reported holding it in 13F filings for Q2 2026, worth $610.7M in total; no superinvestor holds it.

Q4 2025 vs. Q3 2025

How the institutions holding MediaAlpha, Inc. changed between Q3 2025 and Q4 2025.

All holders in Q4 2025 All holders in Q3 2025

13F holders of MAX: Q3 2025 compared with Q4 2025
Measure	Q3 2025	Of which not filed for Q4 2025	Q4 2025	Change
Holders	157	1	172	+16
Shares	47.8M	16.8K	47.8M	−45.6K (−0.1%)
Value	$544.3M	$190.7K	$618.6M	+$74.4M (+13.7%)

1 institution that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so the changes leave them out.

New holders (35)

Institutions that held MediaAlpha, Inc. at the end of Q4 2025 but not at the end of Q3 2025.

Institutions new to MAX in Q4 2025
Institution	Shares	Value	% of portfolio
Triad Investment Management	275,437	$3.57M	3.61%
Stoic Point Capital Management LLC	207,298	$2.68M	2.28%
Balyasny Asset Management LLC	184,159	$2.38M	0.00%
Citadel Advisors LLC	169,647	$2.20M	0.00%
Man Group plc	110,876	$1.44M	0.00%
HRT Financial LP	109,023	$1.41M	0.00%
Tudor Investment Corp Et Al	83,330	$1.08M	0.01%
ExodusPoint Capital Management, LP	81,791	$1.06M	0.01%
Globeflex Capital L P	80,233	$1.04M	0.16%
Amundi	58,616	$759.1K	0.00%
Gsa Capital Partners LLP	46,784	$606.0K	0.05%
Thrivent Financial for Lutherans	36,379	$471.0K	0.00%
Versor Investments LP	29,318	$379.7K	0.06%
Fox Run Management, L.L.C.	26,035	$337.2K	0.05%
Graham Capital Management, L.P.	23,427	$303.4K	0.01%
Brookwood Investment Group LLC	22,841	$295.8K	0.04%
Mangrove Partners	22,700	$294.0K	0.02%
Point72 Asset Management, L.P.	18,751	$242.8K	0.00%
Jump Financial, LLC	18,539	$240.1K	0.00%
VARCOV Co.	16,543	$214.2K	0.08%
Cornerstone Investment Partners, LLC	14,650	$189.7K	0.01%
Caxton Associates LLP	13,922	$180.3K	0.00%
Moran Wealth Management, LLC	12,716	$164.7K	0.01%
Skopos Labs, Inc.	12,041	$153.9K	0.01%
State of Tennessee, Treasury Department	12,903	$132.0K	0.00%
STRS Ohio	3,800	$49.2K	0.00%
Jones Financial Companies LLLP	2,313	$30.0K	0.00%
Meeder Asset Management Inc	714	$9.25K	0.00%
BNP PARIBAS ASSET MANAGEMENT Holding S.A.	594	$8.00K	0.00%
SageView Advisory Group, LLC	90	$1.17K	0.00%
Tucker Asset Management LLC	83	$1.07K	0.00%
Smartleaf Asset Management LLC	44	$573	0.00%
SJS Investment Consulting Inc.	24	$311	0.00%
MAI Capital Management	14	$182	0.00%
American Capital Advisory, LLC	4	$52	0.00%

Sold out (19)

Institutions that held MediaAlpha, Inc. at the end of Q3 2025 and filed for Q4 2025 without it.

Institutions that sold out of MAX in Q4 2025
Institution	Shares, Q3 2025	Value, Q3 2025
Broad Bay Capital Management, LP	1,468,695	$16.7M
Lazard Asset Management LLC	294,796	$3.35M
Algert Global LLC	275,387	$3.13M
Earnest Partners LLC	269,607	$3.07M
Janney Montgomery Scott LLC	70,355	$801.0K
Semanteon Capital Management, LP	44,583	$507.4K
Quantbot Technologies LP	38,615	$439.4K
Jain Global LLC	31,143	$354.4K
Universal- Beteiligungs- und Servicegesellschaft mbH	29,864	$339.9K
Dynamic Technology Lab Private Ltd	29,237	$333.0K
Prelude Capital Management, LLC	26,892	$306.0K
FourThought Financial Partners, LLC	24,691	$281.0K
Axq Capital, LP	23,144	$263.4K
Keebeck Alpha, LP	15,492	$176.3K
Aigen Investment Management, LP	13,179	$150.0K
Virtu Financial LLC	12,749	$145.0K
Brevan Howard Capital Management LP	12,289	$139.8K
Summit Wealth Group LLC	16,471	$136.1K
LPL Financial LLC	10,482	$119.3K

Not filed for Q4 2025 yet (1)

Institutions that held MediaAlpha, Inc. at the end of Q3 2025 and haven't filed a 13F for Q4 2025. Not filing isn't selling, so they aren't counted as sold out.

Institutions holding MAX in Q3 2025 that haven't filed for Q4 2025
Institution	Shares, Q3 2025	Value, Q3 2025
Corton Capital Inc.	16,760	$190.7K